TNAG-1610-FCO40-22132-Minutes-and-Hansards-of-the-Legislative-Council-of-Hong-Kong-1987 — Page 229

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Schemes to meet any failure by the private sector to provide the number of flats needed at affordable prices. The activities of the Housing Authority, the Housing Society; the future Land Development Corporation and the private sector will have to be

closely coordinated,

13.

The Government believes that the Housing Authority should play a central role in carrying out all aspects of the strategy into effect, including those proposals concerning the Home Ownership Scheme, the Private Sector Participation Scheme and the Home Purchase Loan Scheme. Specific proposals relating to the detailed implementation of the strategy will be put to Government is also the Authority for their consideration.

financing of the

examining the overall financing

housing programme.

Government is also considering appropriate arrangements for the future financing of the housing programme. This will include an examination of the role which the Development Loan Fund and the

Home Ownership Fund might play in future.

14.

In brief, the new housing

housing strategy will be more

demand-led. It will extend re-development to most of the older public rental housing estates and will promote home purchase by building more flats for sale and by introducing the Home Purchase Loan Scheme. In this way it will be able more closely to match the provision of housing to the aspirations of those to be housed. It is designed to make the best use of available resources from all housing sectors and introduces the degree of

flexibility needed to allow changes when these are necessary to

meet changing needs.